NEXT Financial Group Inc acquired a new stake in Domtar Corp (NYSE:UFS) (TSE:UFS) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 7,976 shares of the basic materials company’s stock, valued at approximately $355,000.
Other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in shares of Domtar by 12.6% in the 4th quarter. LPL Financial LLC now owns 6,712 shares of the basic materials company’s stock valued at $236,000 after acquiring an additional 751 shares during the period. Advisor Group Inc. increased its holdings in shares of Domtar by 6.6% in the 4th quarter. Advisor Group Inc. now owns 11,149 shares of the basic materials company’s stock valued at $393,000 after acquiring an additional 693 shares during the period. Great West Life Assurance Co. Can increased its holdings in shares of Domtar by 10.0% in the 4th quarter. Great West Life Assurance Co. Can now owns 42,092 shares of the basic materials company’s stock valued at $1,370,000 after acquiring an additional 3,814 shares during the period. United Services Automobile Association boosted its position in shares of Domtar by 8.3% in the 4th quarter. United Services Automobile Association now owns 15,664 shares of the basic materials company’s stock worth $550,000 after purchasing an additional 1,206 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Domtar by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,163,540 shares of the basic materials company’s stock worth $181,395,000 after purchasing an additional 145,552 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.
UFS traded up $0.93 on Tuesday, reaching $41.79. 22,175 shares of the stock were exchanged, compared to its average volume of 575,981. The firm’s 50-day moving average is $42.99. Domtar Corp has a fifty-two week low of $33.81 and a fifty-two week high of $54.50. The company has a quick ratio of 1.11, a current ratio of 2.19 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 9.06 and a beta of 1.94.
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 16th. Shareholders of record on Tuesday, July 2nd were given a dividend of $0.455 per share. The ex-dividend date was Monday, July 1st. This represents a $1.82 dividend on an annualized basis and a yield of 4.36%. This is a boost from Domtar’s previous quarterly dividend of $0.44. Domtar’s payout ratio is currently 39.48%.
UFS has been the subject of a number of recent analyst reports. Zacks Investment Research raised Zymeworks from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Saturday, April 13th. Goldman Sachs Group raised Puxin from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $51.00 to $56.00 in a research report on Friday, May 3rd. TD Securities lowered their price objective on WPX Energy from $19.00 to $18.50 and set a “buy” rating for the company in a research report on Thursday, May 2nd. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, DA Davidson raised Domtar from a “neutral” rating to a “buy” rating in a research report on Thursday, May 2nd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $51.31.
Domtar Corporation designs, manufactures, markets, and distributes various communication papers, specialty and packaging papers, and absorbent hygiene products in the United States, Canada, Europe, Asia, and internationally. It operates in two segments, Pulp and Paper, and Personal Care. The company offers business papers, including copy and electronic imaging papers for use with inkjet and laser printers, photocopiers, and plain-paper fax machines, as well as computer papers, preprinted forms, and digital papers for office and home use.
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